JRB appoints Heap to financial services division

Standards setting body Origo is piloting a digital certificate system in a bid to offer IFAs and providers security on the internet.The trial is seeking to allow information transfers and services to be carried securely over the internet via a single platform common to all IFAs and providers.Digital certificate specialist Inter-Clear beat the likes of […]

Edinburgh Fund Managers has raised £50.4m for its new Edinburgh Income and Value Trust.The split capital investment trust achieved the total through the placing of ordinary and zero dividend preference shares and bank borrowings. Dealing in the shares is expected to commence on April 8.The trust&#39s objective is to achieve growth in income and capital. […]

Edinburgh Fund Managers&#39 funds under management fell to £6.6bn from £7.3bn as profits plunged by 31 per cent.Pre-tax profits have fallen to £11.7m from £16.9m as the fund manager was hit by the continuing turmoil in emerging marketsIt was further hit by Bank of Scotland&#39s decision to switch 40 per cent of its £1.1bn fund […]

The Association of Unit Trusts and Investment Funds has called for an independent enforcement committee to check the powers of the Financial Services Authority. Appearing before the Parliamentary committee scrutinising the Financial Services and Markets Bill, Autif representative and Fidelity managing director Marc Sylvain called for an independent body with an independent chairman.He told the […]